China Money Remittance and Payments Market Outlook to 2018 - Driven by Rising Migration and Effective Government Policies which provides a comprehensive analysis of the domestic and international money transfer, bill payment and mobile payment market in China. The report covers various aspects such as market size of money transfer market in terms of inflow of money from different countries and from different province. The market has been segmented on the basis of different payment channels such as formal and informal channel and the major flow corridors internationally and domestically as well.
China Domestic Remittance market can be classified broadly into two payment channels- formal channel and informal channel. The formal channel can be in turn divided into commercial banks and third party payment providers. The commercial hold a larger share in comparison to the third party payment providers. Some of the leading third party payment providers are Alipay, Tenpay and others. Some of the leading commercial banks in China based on the remittance transaction volume are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Bank of Communications, and China Construction Bank, China Minsheng Bank, China Merchants Bank and others.